HomeMy WebLinkAbout18-11 REDEVELOPMENT AUTHORITY OF THE CITY OF OSHKOSH,WISCONSIN
JUNE 6, 2018 18-11 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: AUTHORIZE LAND DISPOSITION OF VACANT LOT; 600 BLOCK
OF GRAND ST ($7,500.00)
BE IT RESOLVED by the Redevelopment Authority of the City of Oshkosh that
the vacant lot in the 600 Block of Grand Street is hereby declared surplus and the proper
officials are hereby authorized and directed to execute any and all documents necessary
to sell said property to Randy Schneider for $7,500.00.
TO: City of Oshkosh Redevelopment Authority
FROM: Allen Davis, Community Development Director
DATE: May 30, 2018
SUBJECT: 18-11 Approve Land Disposition of Vacant Lot 600 Grand Street
Background
The RDA acquired this property as part of a blight removal project. The house and
general property conditions had become a blight on the neighborhood and acquisition
and demolition was the chosen path for the property. The remaining vacant lot is
available and has been marketed on free websites and the City's website for possible
acquisition. The asking price of $9,000 is equal to the Assessor's assessed value for
neighboring lots.
Analysis
The son of the neighbor to the north has offered $7,500 for the lot with the intention of
combining the lot with his mother's existing house/lot or constructing a new single family
home. The lot backs up to the CN railroad on the east side and the railroad has been
identified as a deterrent for lot sales/redevelopment. City staff have received no other
inquiries or offers.
Fiscal Impact
The RDA currently pays for lawn/grass cutting and sidewalk snow removal throughout
the year —estimated to cost about$500 annually. The proposed purchase price of$7,500
would be about 83% of the assessed value for a similar lot in this neighborhood.
Recommendation
The RDA approves the $7,500 proposed sale price.
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